Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget−0.119%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1361.359% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.119%, 7d avg −0.068%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.051% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOTUSDT	0.0005056	0.0100	pay 0.0050% / 4h	3h 02m	$679K	$480K	50x
Short	OKX NOT-USDT-SWAP	0.0005050	0.0100	get 0.0050% / 4h	3h 02m	$644K	$657K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.068%: −$5.09
Slippage, 4 orders: −$113.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$141.01
Costs to cover: 1.359%
Break-even: never at this rate

Slippage from Bitget: live order book, 28 min ago; OKX: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 28 min ago	8.01 bp	18.8 bp −$19	215.1 bp −$2,151	doesn't fit	doesn't fit
Sell OKX live order book, 28 min ago	4.01 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.600%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005059	+0.065%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	−0.119%	$340K	$66K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005050	−0.115%	$14K	$3K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005050	−0.127%	$2.1M	$2.8M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005045	−0.218%	$2.1M	$810K	25x	as long as short
OKX NOT-USDT-SWAPshort	+0.0100%	4h	0.0005050	−0.119%	$644K	$657K	20x
Gate NOT_USDT	+0.0100%	4h	0.0005051	−0.099%	$141K	$59K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005050	−0.119%	$1.4M	$464K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005045	−0.218%	$494K	$134K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NOTUSDTlong	+0.0100%	4h	0.0005056	long leg	$679K	$480K	50x
BingX NOT-USDC	+0.0100%	4h	0.0005048	−0.158%	—	$734K	—	as long as short
Variational Omni NOT	+0.0100%	4h	0.0005044	−0.234%	$72K	$38K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005048	−0.150%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0130%	4h	0.0005056	0.000%	$108K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1148%	1h	0.0005053	−0.053%	$49K	$5K	10x	as long as short